1 million oz au JORC + Grace, page-3

Youanmi project contains a number of different mineralisation styles across varied geological settings.
RXL undertook drilling and metallurgical work through the September quarter to get a better grasp of what lies in the ground and how best to exploit it.
So far, metallurgical recoveries indicate gold mineralisation across Youanmi, and especially at the Grace prospect, lends itself to simple cyanide extraction methods.
Various programs of aircore, reverse circulation and diamond drilling have either yielded high-grade results or hinted at possibly prospective zones.
Rox is still waiting or reviewing and assessing a raft of results from the drilling programs, with some drilling continuing through the current quarter.
Drilling at the Regional JVs has also turned up a number of high-grade results, which were pursued throughout the December quarter.
Rox has around $8. million in the bank, giving the company enough cash to continue at current spending levels for almost another three quarters.
Looking forward to the new year.